Know What Is Going On!

November, 2014

Tips to avoid being ‘house poor’

If you have “more month at the end of your money,” it may be because you spent a larger portion of your income on your house than you could really afford. Mortgage payments are just the beginning of the expenses that come with a house. Don’t forget homeowner’s insurance, property taxes, home maintenance and utilities. […]

Aereo Seeks Bankruptcy After Losing Supreme Court Fight

Aereo Inc.’s quest to shake up the television industry with its online-streaming service has come to an end. The Barry Diller-backed startup sought bankruptcy protection after the US Supreme Court said its TV service violated programming copyright protections. The nation’s highest court rang the death knell for Aereo in June, handing a victory to broadcast […]

Jeffersonville High School treasurer embezzles money from booster club

John Sumner turned himself in Wednesday. He is now charged with two counts of theft. Sumner was the treasurer of the booster club for the schools Lady Devils soccer team. Detectives say between 2012 and 2014, 42-year-old Sumner embezzled nearly $6,000 of the money parents and students raised for the team. Suspicions began to arise […]

GM tells court it not liable for claims over pre-bankruptcy cars

NEW YORK (Reuters) – General Motors (GM.N) said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of 2.6 million cars earlier this year. The brief, filed in Manhattan […]

Caesars Entertainment operating unit plans Chapter 11 bankruptcy

Caesars Entertainment operating unit plans Chapter 11 bankruptcy Caesars Entertainment Corp.s debt-laden operating unit, Caesars Entertainment Operating Co. (CEOC), is working to finalize a restructuring plan for a prearranged bankruptcy filing and is hoping to get its bank lenders on board with the effort by ear

Having student loans issues? Here is a resource for you!

Every day more information is being published on the challenges that student loan borrowers are facing as they struggle to pay down their debts. Just this week, NeighborWorks reported that one in four people know someone who is delaying purchasing a home due to student loan debt. In Michigan, legal aid services are seeing an […]

NHL player files for bankruptcy after parents borrow $15 million in his name

Jack Johnson is getting paid $5 million by the Columbus Blue Jackets this year. The 27-year-old defenseman has amassed over $18 million in a nine-year career, and signed a seven-year, $30.5 million deal signed with the Los Angeles Kings back in 2011. Johnson is filing for bankruptcy. He owes more than $10 million in debts, […]

Cordray Warns Banks Real-Time Payments Need Safeguards

Printable Version Rights/Reprints Editorial Contacts Related Sections Banking Consumer Protection Public Policy Companies Clearing House Payments Co. LLC Government Agencies Consumer Financial Protection Bureau Federal Reserve System

Have You Called Your Nana Lately? Debt Collectors Have

Gripes about debt collectors are the most common complaint filed by older Americans, the Consumer Financial Protection Bureau said Wednesday. Collection gripes are roughly one¬†out of every three¬†complaints the bureau gets from seniors, it said. Confusion over medical bills, attempts to collect debts of deceased family members, and illegal threats of garnishing federal benefits like […]

Lansing woman sentenced in $300K embezzlement

MASON – The former office manager for a Lansing business will pay nearly $300,000 in restitution as part of her sentence for embezzling money over many years. Holly Ann Sisco was sentenced Wednesday in Ingham County Circuit Court to nine months in jail and ordered to pay restitution to four business entities — all owned […]

Previous Posts